This week, we take a look at Soybean Futures and our projection based on the supply and demand zones drawn by the APA Zones software. Soybeans have put in the seasonal bottom and have rallied smartly to the upside. Rather than “chase” the trade to enter (and most likely take a loss on a retest) lets wait patiently for a retest of the 60 minute demand zone. This will improve our risk/reward on the trade. The beans have great potential for a big upswing this year as we examine the weekly chart.
Interested in learning more from Gabriel? Then check out his blog at APAZones.com.
This website is for educational purposes only. Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.